Various Retailers have
The Millionaire Mind by Thomas J. Stanley (eBook) on sale for
$2.99.
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RevOne for finding this deal.
Available:About this title:
The author of the blockbuster bestseller The Millionaire Next Door: The Surprising Secrets of America's Wealthy shows how self-made millionaires have surmounted shortcomings such as average intelligence by carefully choosing their careers, taking calculated risks, and living balanced lifestyles while maintaining their integrity. Dr. Thomas J. Stanley also builds on his research from The Millionaire Next Door and takes us further into the psyche of the American millionaire.
Stanley focuses in on the top one percent of households in America and tells us the motor behind the engine; what makes them tick. His findings on how these families reached such financial success are based on in-depth surveys and interviews with more than thirteen hundred millionaires.
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Here is a list of participating libraries if you're interested. https://www.zeemaps.com/view?group=6614
45 Comments
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16 year old Prius. Gas is expensive.
Basic working class condo built in the 70s. Not fully owned, but my mortgage is at 3%, giving me no incentive to pay it off.
About 1.7m in assets, mostly stocks, bonds, and retirement accounts.
I have not read this book.
Can't whack anything with an ebook.
Meanwhile in same neighborhood, all the "stressed out over finances" families who make a higher income, drive expensive cars, take nice vacations, eat out, go to concerts, can barely make their credit card payments, and are always stressed.
After someone has saved for a while, and they start watching their money earn money, that becomes more fun than spending it on an outing or some short-term benefit. Eventually, putting $100 into savings and knowing it will be in good company and grow is more enjoyable then whatever you might have spent it on.
16 year old Prius. Gas is expensive.
Basic working class condo built in the 70s. Not fully owned, but my mortgage is at 3%, giving me no incentive to pay it off.
About 1.7m in assets, mostly stocks, bonds, and retirement accounts.
I have not read this book.
Here is a list of participating libraries if you're interested. https://www.zeemaps.com/view?group=6614
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About 18% of US households had over $1m in net worth, as of 2022. With the decent economy and recent inflation spike, that's almost certainly gone up.
OR....
Depends on how you calculate your net worth! I normally do not include my "stockpile" of assorted items purchased at a discount. For some SDers, including their stockpile would probably change their net worth significantly. Especially if you value those assets at "full price!" (ex. 100 tubes of Colgate toothpaste... do you value that at the $50 acquisition cost, or at the $479 retail value?)
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